1-2
3-4
6-7
8-9
8-9
100
When Supplier Power increases, Buyer Power...
Decreases
100
Name two types of damage hackers can leave in your program/device. (hint: virus)
Ransomware
Malware
Worm
Phishing
100
The ability to understand the strengths and weaknesses of your business, and of your competitors.
What is Business Intelligence?
100
List a benefit and a challenge of Supply Chain Management.
Benefits- better visibility and data analytics, better collaboration with suppliers, cash flow is stronger.
Challenges- keeping up with latest technology, pickup/delivery performance, keeping up with industry/customer demands.
100
What are 3 constraints in a project that when one gets affected, it affects the other two?
Resource, Time, and Scope. Whenever one of these are affected, it also affects the others.
200
What are the three levels of a common company structure?
200
Describe the E-Business Model.
200
What does GPS, GIS, and RFID stand for?
GPS- Global Positioning System
GIS- Geographic Information System
RFID- Radio Frequency Identification
200
Why do project managements fail often?
- selfish members
- poor leadership
- change in organizational priorities
- bad planning
200
What are some challenges of implementing Enterprise Resource Planning (ERP)?
-More expensive
-Limited Talent
-Language Barriers
300
According to Michael Porter, what is one pressure that can hurt sales?
- Knowledgable customers force down prices by putting rivals against each other
- Competition can steal customers
- Substitute/New products can steal customers
- New market entrants can steal potential investments and capital
300
True or False: Ransomware is a form of malicious software that infects your computer with the intention of getting money.
True
300
What is the difference between transactional and analytical information?
Transactional info tracks the daily tasks, and supports the transactions in a single store.
Analytical info tracks organizational info and tracks sales/trends of different seasons, etc. More on the managerial level.
300
Enterprise Resource Planning integrates all departments throughout an organization into a single IT system. It is also split into two components, what are they?
Core ERP and Extended ERP
300
Engaging another company within the same country for services.
What is Ontshore Outsourcing?
400
Describe the relationship between Critical Success Factors and Key Performance Indicators.
Critical success factors are business strategy elements, therefore Key performance indicators measure the progress of those CSF strategies.
400
What is the difference between Disruptive Technology and Sustaining Technology?
Disruptive- convenient for customer, new way of doing things, however doesn't meet all of the needs of the customers.
Sustaining- improving products that make customers eager to buy. (the iPhone)
400
What is the difference between a database and an excel sheet?
Databases are secure, but not always easily accessible. An Excel sheet is not secure but always easily accessible.
400
What are the three types of outsourcing?
Onshore Outsourcing
Nearshore Outsourcing
Offshore Outsourcing
400
What are the 3 Core ERP Components?
1. Accounting
2. Production + Materials management
3. Human Resources
500
What are Michael Porter's Five Forces?
1. Buyer Power
2. Supplier Power
3. Threat of substitute products/services
4. Threat of new entrants
5. Rivalry amongst existing competition
500
The next generation of internet use. Changed from static web pages to a more dynamic and user created content. Which has also had a huge influence on social media, it is the current web that we use.
What is Web 2.0?
500
What are the 5 advantages of using a relational database?
1. Increased Flexibility
2. Increased Scalability/Performance
3. Increased Information Security
4. Reduces Information Redundancy
5. Increased Information Integrity
500
List the 7 systems development life cycle (SDLC)
1. Planning
2. Analysis
3. Design
4. Development
5. Testing
6. Implementation
7. Maintenance
500
What are the 4 Extended ERP Components?
1. Business Intelligence
2. Customer Relationship Management
3. Supply Chain Management
4. E-business